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2617 Market Street

Wilmington, NC 28401

5 beds
5 baths
4,406 sqft
16,117 sqft lot
$171 per sqft
1965 build
– on site

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Explore a unique investment opportunity in historic Wilmington mid-19th century properties. Nestled in the prime downtown district of one of the city's top 10 high-appreciating neighborhoods, these iconic buildings offer a blend of vintage charm and modern potential. This multifamily building is part of portfolio consisting of Mixed use Multifamily building as well listed separately promises a lucrative venture in a thriving location, combining history with strategic commercial opportunities. -Located in well-established neighborhoods within Downtown Wilmington - Close proximity to the lively Cape Fear River, attracting a steady flow of tourists -Convenient access to major business corridors, including Hwy 17 and Hwy 74 - Situated in the Historic Districts, offering a unique and historically rich investment opportunity -Corner lot property provides an opportunity for land redevelopment for alternative uses. 1-Unit in each Property is left vacant for Owner Occupancy or for potential Airbnb/Rentals. - Two properties in the portfolio comprising a total of 8 residential units and 2 commercial unit(combined into 1) PROPERTIES ARE SOLD TOGETHER see 317 Castle St listing for other property

Listing courtesy of DMLS / REIT Place, llc

Last checked: Checking… • Last updated Nov 17, 2024 •

MLS# 10008535 —

The Building

Year Built:

1965
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

A-Frame
Structure Type:

Multi Family
Roof:

Shingle
Stories:

2
Levels:

Two
Basement:

false
Foundation Details:

Brick/Mortar
Patio And Porch Features:

Deck
Accessibility Features:

Accessible Bedroom
Building Area Total:

4406
Building Area Units:

Square Feet
# of Units Total:

5
Above Grade Finished Area:

4406
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet

Interior

Interior Features:

Apartment/Suite
Flooring:

Hardwood
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Decorative
Laundry Features:

In Kitchen

Room Dimensions

Living Area:

4406
Living Area Units:

Square Feet

Location

Latitude:

34.23931
Longitude:

-77.912281
Coordinates:

-77.912281, 34.23931

The Property

Parcel Number:

R04820005005000
Property Subtype:

Apartment
Property Type:

Residential Income
Lot Features:

City Lot
Lot Size Acres:

0.37
Lot Size Area:

16117.2
Lot Size Dimensions:

see ta x records
Lot Size SqFt:

16117.2
Lot Size Units:

Square Feet
Zoning:

R 10
Exterior Features:

None
Other Structures:

None
Fencing:

None
Road Frontage Type:

City Street
Road Surface Type:

Asphalt

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

4773

Beds

Bedrooms Total:

5

Baths

Total Baths:

5
Total Baths:

5
Total Baths:

5
Full Baths:

5

The Listing

Special Listing Conditions:

Seller Licensed Real Estate Professional

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dryer

Schools

Elementary School:

New Hanover County Schools
Middle Or Junior School:

New Hanover County Schools
High School:

New Hanover County Schools

The Community

Subdivision Name:

Not in a Subdivision
Senior Community:

false
Spa:

false
Spa Features:

None
Pool Private:

false
Pool Features:

None
Association Amenities:

None
Association:

false
# of Units Leased:

4

Parking

Garage:

false
Attached Garage:

false
Carport:

false
Parking Features:

On Street
Open Parking:

true
Open Parking Spaces:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/26/24 Jul 26, 2024	Sold	DMLS	$755,000	-5.5%
6/8/24 Jun 8, 2024	Pending	DMLS	$799,000
6/1/24 Jun 1, 2024	Sold Subject To Contingencies	DMLS	$799,000

Multifamily Sold on 7/26/2024

$755,000

Listing provided by broker:

Traci Hall

REIT Place, llc

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Listing Courtesy of: DMLS and REIT Place, llc.

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.

2617 Market Street

Wilmington, NC 28401